FIN 421 - Life and Health Insurance

(3 units)

Analysis of personal and business life and health insurance needs, characteristics of plans appropriate to meet those needs and unique tax and legal aspects of insurance planning. Examination of functional aspects of life/health insurance operations, including underwriting, ratemaking, reserving and financial statement analysis. Discussion of regulation and social insurance programs.

Maximum units a student may earn: 3

Prerequisite(s): FIN 321, FIN 322, or FIN 420.

Grading Basis: Graded
Units of Lecture: 3
Offered: Every Fall and Spring

Student Learning Outcomes
Upon completion of this course, students will be able to:
1. articulate how organizations approach the security of their employees from a wellness standpoint, namely—life and health insurance.
2. explain the differing types of life insurance policies available in the market and how each respond to policy holders.
3. articulate the operational functions of a life and health insurer.
4. explain the differing ways organizations offer financial retirement planning to its employees.

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